Caribbean & Central America - December 2018

Economic Highlights

EL SALVADOR | Remittances. According to the latest report from El Salvador’s central bank (BCR) the country received US$4.5bn in family remittances in the first ten months of 2018, up 9.1% on the same period last year. The main source of remittances is the US (US$4.2bn), followed by the European Union (US$42.3m), and Canada (US$39.8m). As regards other countries in Central America’s so-called ‘Northern Triangle’, remittances to Guatemala reached US$7.6bn in the same period, up 12.6%, while remittances to Honduras reached US$4.05bn, up 9.5%.